The Civil List Act 1979 describes the funds provided for the Governor-General, Prime Minister, Cabinet Ministers and Members of Parliament. In 2015 the budget for the King of the Netherlands was €40.1 million (£35.8 million) which included money for his wife and the former Queen, who abdicated after reigning for 33 years. Parl. The Sovereign today still retains an important symbolic role as the figure in whose name justice…, The Queen has important formal roles in relation to the Government of the UK.
[17] As it is held in perpetual trust for future generations of Sovereigns,[18] the Sovereign is not entitled to the estate's capital.
The grant will be reviewed every five years by the Royal Trustees (the Prime Minister, the Chancellor of the Exchequer and the Keeper of the Privy Purse), and annual financial accounts will continue to be prepared and published by the Keeper of the Privy Purse.
Grant-in-Aid – Funds from the Department of Culture, Media and Sport to meet maintenance of the official Royal Residencies cost and Communications and Information, and funds from the Department of Transport to meet Royal travel costs; source of funding up until 31 March 2012. What are my income options in retirement? [19], Article 45 of the 2011 Amended Moroccan Constitution states that the King shall have a civil list.
In 2017, the Norwegian government allocated £23.8 million to the royal house, to be distributed between the royals, and an additional £1.1 million in an grant for the King and Queen to cover personal expenses, and £900,000 for the Crown Prince and Princess. The finances of the British royal family come from a number of sources.
[37], Forbes magazine estimated the Queen's net worth at around $500 million (about £325 million) in 2011,[41] while an analysis by the Bloomberg Billionaires Index put it at $425 million (about £275 million) in 2015. There's even a billionaire prince who doesn't have a country. [6] The Queen was permitted to claim these amounts as a deduction against her gross income from personal investments and other sources—the net amount, after deductions, was subject to normal income tax.
Newspapers have been quick to point out that Prince Andrew squandered £14,692 on a round trip to see the golf at Muirfield.
[6], The Queen received an annual £7.9 million a year from the Civil List between 2001 and 2012. In the financial year 2012-13 the annual cost of Civil List pensions paid to 53 people was £126,293.
The amount was set by the Civil List (Increase of Financial Provision) Order 1990. As of 1 April 2017, the Danish Civil List grants the royal family £800,813, a month, or £9.6 million for the year. Joanne Wilkes, 'Jewsbury, Geraldine Endsor (1812–1880)'. King Willem-Alexander, Netherlands — £35.8m. It was initially set at £40,000 in the Civil List Act 1952, raised to £65,000 by the Civil List Act 1972, and raised to £165,000 by the Civil List (Increase of Financial Provision) Order 1984. The Queen cannot sell these – they must pass to her successor as Sovereign. On 1 April 2012 the arrangements for the funding of The Queen’s Official Duties changed. [44] She was number one on the list when it began in 1989,[44] with a reported wealth of £5.2 billion, which included state assets that were not hers personally,[45] (approximately £13 billion in today's value). At current rates, it would reach £45.6 million in 2017/18, which would be a 57% increase since 2012. It is also used for the upkeep of Balmoral Castle.
These financial arrangements also cover the official expenditure of some members of his immediate family. Queen Elizabeth II received a Civil List of £475,000 when she came to the throne in 1952, but inflation affected the list over the years, and by the early 21st century the Civil List amounted to some £10 million annually. Prince Hans-Adam II, Liechtenstein — small allowance.
Albert, Prince of Thurn und Taxis — no salary nor country.
Grand Duke Henri, Luxembourg — £9m in running costs & a small allowance.
Are you sure you want to delete this comment? [9], Royal expenditure differs from income due to the use of a Reserve Fund, which can be added to or drawn from.
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